Tennessee Gas Storage Unit Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1015
• Format: Word; Rich Text

Description

This is an agreement for a gas storage unit. The Tennessee Gas Storage Unit Agreement refers to a contractual arrangement between Tennessee Gas, a subsidiary of Kinder Morgan, and customers for the utilization of gas storage services. This agreement is particularly crucial for individuals or companies involved in the natural gas industry seeking reliable and secure storage solutions. The Tennessee Gas Storage Unit Agreement allows customers to access and store their natural gas inventories within Tennessee Gas' underground storage facilities strategically located across various regions. These storage facilities offer a variety of benefits, such as enhanced reliability, flexibility, and proximity to major pipelines and market hubs. There are different types of Tennessee Gas Storage Unit Agreements tailored to meet the diverse needs of customers in the natural gas industry. These can include: 1. Firm Storage Agreement: This type of agreement provides customers with guaranteed and uninterrupted access to storage capacity and services. Customers can rely on Tennessee Gas' facilities to ensure their gas inventories are safely stored and readily available when needed, regardless of market conditions. 2. Interruptible Storage Agreement: This agreement offers customers storage services on a non-guaranteed basis. It allows users to utilize storage capacity during periods of surplus availability, but Tennessee Gas reserves the right to interrupt or curtail services during high demand situations or system constraints. 3. Hub Services Agreement: This type of agreement is designed for customers who require direct access to major gas trading and pricing hubs. It provides storage services at locations strategically connected to key market areas, enabling customers to efficiently manage and optimize their gas inventories within those hubs. 4. Loaning and Balance Agreement: This agreement allows customers to transfer or loan gas inventories between different storage locations within Tennessee Gas' system. It provides flexibility for market participants to optimize their storage operations and manage imbalances effectively. 5. Customized Agreements: Tennessee Gas also offers tailor-made agreements to meet specific requirements of customers in unique situations. These agreements may include specialized services, pricing structures, or contractual terms designed to address individual needs. In conclusion, the Tennessee Gas Storage Unit Agreement encompasses various types of contracts catering to the specific requirements of customers in the natural gas industry. Whether through firm or interruptible agreements, hub services, loaning and balancing, or customized arrangements, Tennessee Gas provides reliable and flexible storage solutions to support the efficient management of natural gas inventories for market participants.

The Tennessee Gas Storage Unit Agreement refers to a contractual arrangement between Tennessee Gas, a subsidiary of Kinder Morgan, and customers for the utilization of gas storage services. This agreement is particularly crucial for individuals or companies involved in the natural gas industry seeking reliable and secure storage solutions. The Tennessee Gas Storage Unit Agreement allows customers to access and store their natural gas inventories within Tennessee Gas' underground storage facilities strategically located across various regions. These storage facilities offer a variety of benefits, such as enhanced reliability, flexibility, and proximity to major pipelines and market hubs. There are different types of Tennessee Gas Storage Unit Agreements tailored to meet the diverse needs of customers in the natural gas industry. These can include: 1. Firm Storage Agreement: This type of agreement provides customers with guaranteed and uninterrupted access to storage capacity and services. Customers can rely on Tennessee Gas' facilities to ensure their gas inventories are safely stored and readily available when needed, regardless of market conditions. 2. Interruptible Storage Agreement: This agreement offers customers storage services on a non-guaranteed basis. It allows users to utilize storage capacity during periods of surplus availability, but Tennessee Gas reserves the right to interrupt or curtail services during high demand situations or system constraints. 3. Hub Services Agreement: This type of agreement is designed for customers who require direct access to major gas trading and pricing hubs. It provides storage services at locations strategically connected to key market areas, enabling customers to efficiently manage and optimize their gas inventories within those hubs. 4. Loaning and Balance Agreement: This agreement allows customers to transfer or loan gas inventories between different storage locations within Tennessee Gas' system. It provides flexibility for market participants to optimize their storage operations and manage imbalances effectively. 5. Customized Agreements: Tennessee Gas also offers tailor-made agreements to meet specific requirements of customers in unique situations. These agreements may include specialized services, pricing structures, or contractual terms designed to address individual needs. In conclusion, the Tennessee Gas Storage Unit Agreement encompasses various types of contracts catering to the specific requirements of customers in the natural gas industry. Whether through firm or interruptible agreements, hub services, loaning and balancing, or customized arrangements, Tennessee Gas provides reliable and flexible storage solutions to support the efficient management of natural gas inventories for market participants.